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pizza2me,
looking forward to dicussing/monitoring GTEL's progress. Thanks...rock
herdround,
I don't like alot of things that have been said and not come about like they are suppose to. I have voiced my displeasure with management and others on this board as well. FWIW, I am a stickler on details no matter how small and it bothers me when things don't get done. I have run my own business for 25 years and have found I cannot and have not met everything I thought could be delivered for many reasons.
To use the word lie would mean you have some kind of proof that HUFF INTENTIONALLY mislead investors. You do not have proof of that so those kind of statements are out of line and have no value at all. Discussions are one thing, those kind of statements will only draw anger and a pis*sing match of responses which leads NOWHERE! Please refrain from that..rock
General thoughts,
One year ago the theme of the business plan for GTEL was IP traffic. As stated by Huff, this will still be the a strong component of operations. I see where the theme has shifted to the "other products" part as the main source of revenues with higher profits. Our largest Company investment to date will be put into Magic Money program with all the add ons. 10MM will be invested soon say nothing of what dollars have already been spent. This is far beyond any other acquisitions or investments in any other programs. 95% or so of the past years PR's have been related to this program. I have no doubt at this stage of operations this sector of our business plan is intended to be the meat and potatoes of revenues/income for 2004 and beyond. The statistics are out there on money remittance and other aspects of the add ons and the numbers are staggering...rock
The Money Magic program is now supported out of the data switch located in Venezuela. The goal of GlobeTel is to have processing switches in South America, to process transactions in Latin America, in the US to handle North America and the Caribbean, and in the United Kingdom to process transactions in Europe and Hong Kong to process Asian transactions. These four core switches will give GlobeTel the regional presence and processing power to handle the global business that the Money Magic program supports.
Timothy Huff, CEO of GlobeTel stated: "The recent business interests in Mexico, the Philippines, China and Australia coupled with the financial abilities that this investment provides, makes GlobeTel's programs extremely powerful. Money remittance is a multi-billion dollar industry and adding this feature to the pre-paid calling card features that GlobeTel already deploys, makes this a very attractive product for many markets around the world. This investment brings major investment efforts to a close for the Money Magic program, Magic Phone and Text Card programs. With this funding now secured, the company has the right tools to accelerate to the speed to reach our goal of a $60 million dollar run rate by the end of 2004. Once we reach that revenue goal, the efforts will be to move GTEL to a larger trading market like the NASDAQ or the New York Stock exchange."
herdround,
Do you really have to post the same thing a dozen times? I would guess everyone got your point the first time.
I disagree with your "tons of PR's" approach. The numbers for 2004 could be hit without any more news with the existing in place.
1)Money Magic Program
2)Traffic in UK, China, Mexico, Brazil
3)Text Card
10MM of 15MM funding will be to build data centers for Money Magic, Miami plant already started. I think this part of the business alone could cover the #'s by year end. I do expect other deals/income but surely do not feel we need "tons" of news to reach expectations...rock
Mailman,
Thanks so much for the info. It is always appreciated. I am sure the employees of GTEL are happy about the move. Look forward to what you have to say if you happen to stop by new office. As you know I use to whine to you about the late filings..:) I understand the scenario and feel Huff will use the extensions available while on the OTC. Thanks again..rock
ray s,
Welcome to the board ray. I e-mailed Mailman last week and asked the same questions. I believe he said the area was much nicer and easier to access. I will see if Mailman can post what he knows...nice to have you here, take care...rock
bltra,
I thought it was a good article too, made me think not only on Sanswire but the assets and intellectual property that GlobeTel is acquiring. looking forward to the test in May.
Recently sold to Miami's GlobeTel Communications, the company wants to send airships 65,000 feet in the air to provide wireless phone service, high-definition television signals and Internet access. A test flight of a quarter-scale model, at 10,000 feet, is set for May, according to Molen.
Bill and all, just so you all understand my comments on the delayed filing. I was not making light of it at all, I am use to it and it has never really caused a big deal with the pps. Matter of fact, today looked like strong holders of GTEL to me. I don't make predictions but I will go on record and say next week will be better..:) Take care all...rock
Good article from poster wind-up on RB,
"If we're successful, in 15 years, you might not see any cell towers," said Michael Molen, CEO of Atlanta-area start-up Sanswire Technologies Inc.
Recently sold to Miami's GlobeTel Communications, the company wants to send airships 65,000 feet in the air to provide wireless phone service, high-definition television signals and Internet access. A test flight of a quarter-scale model, at 10,000 feet, is set for May, according to Molen.
In England, a public-private consortium—including British Telecom—is funding a nearly $7 million research and development effort to bring broadband Internet access to travelers and rural homes by airship or by solar-powered, ultralight planes.
Chicago Tribune ...
Defense contractors rev up for megablimps
April 17, 2004
By Noah Shachtman
Special to the Tribune
Published April 17, 2004
The old blimp-building airdock in Akron hasn't been on the cutting edge of much of anything for almost 70 years. But that may be about to change.
In the early 1930s, Goodyear Co. used the nearly 1,200-foot-long, 325-foot-wide hangar to house a set of zeppelins designed to launch an era in lighter-than-air transport.
A series of horrific crashes put those dreams to rest. Over the years, airships became little more than advertising vehicles at sporting events. Now the Pentagon has become fascinated with potential new uses for blimps—to spy on potential adversaries, transmit conversations and maybe even haul helicopters or Humvees one day.
That's given the Akron airdock, now owned by Lockheed Martin Corp., a new mission. The massive hangar is being used to put together a tethered blimp for the U.S. Army in Iraq. By June, it will be keeping watch over western Baghdad from 2,500 feet and relaying commanders' orders and insurgents' coordinates to troops in the field.
Generals aren't the only ones interested in airships, however.
Thanks to tougher fabrics, more efficient solar panels, and longer-lasting batteries and fuel cells, blimps can now hover over an area for months at a time. That durability could allow airships to essentially act as cell towers or wireless Internet hot spots—ones that sit thousands of feet up in the sky.
"If we're successful, in 15 years, you might not see any cell towers," said Michael Molen, CEO of Atlanta-area start-up Sanswire Technologies Inc.
Recently sold to Miami's GlobeTel Communications, the company wants to send airships 65,000 feet in the air to provide wireless phone service, high-definition television signals and Internet access. A test flight of a quarter-scale model, at 10,000 feet, is set for May, according to Molen.
Telecom analysts think Molen's boast is over-the-top, at best.
"The blimp idea is pretty far-fetched," said Tim Bajarin, president of Creative Strategies, a Campbell, Calif., consultancy. Companies have been flirting with the idea of broadband blimps for years, he notes, without much to show for it.
There's an undeniable logic to such projects, however. It currently costs $25 million or so to put a satellite with a 1,000-pound payload into space. Sending a dirigible up a few miles into the air should cost a fraction of that.
But after the dot-com and telecom collapse, there just wasn't the money to do the development work needed for such a system. A "wait-and-see" attitude took hold.
"There do appear to be significant opportunities in the commercial world," said Ron Browning, a business development director at Lockheed Martin Maritime Systems & Sensors in Akron. "But they want to see this thing operate before they'll commit any significant expenditures."
A number of efforts from the U.S. Defense Department—and from foreign governments as well—could provide the examples the business world needs.
For now, most military blimps are on surveillance duty. Helium gas, not engine fuel, keeps airships aloft. They can stay above a target for days and days—something not even the pilotless spy planes like Predator and Global Hawk can do.
For years, Army blimps have kept a lookout for drug runners in the Florida Straits, for example. The Defense Department is beginning research into a dirigible that can keep watch over an entire city for as long as a year.
But airships also are starting to take on a new task: communications.
"There are already all these sensors. If I can put on a transponder or two, I get a poor man's communications satellite," said Ron Hochstetler, a systems engineer with the San Diego-based defense contractor Science Applications International Corp.
In addition to providing pictures from infrared sensors and ultra-sensitive cameras, the tethered airship from Akron will give soldiers in Iraq a wireless network they can tap into. Soldiers in the streets of western Baghdad should be able to trade video and data up to 12 megabits per second.
That's about the same as the Wi-Fi access latte-drinkers get sitting at Starbucks.
But the airship has a weakness. It sits at about 2,500 feet—well within machine gun range. So a team of soldiers will have to protect the blimp, an Army source said.
A V-shaped dirigible, being planned by the Air Force Space Command, shouldn't have that problem. Designed to fly nearly 20 miles up, close to the edge of space, it would be far beyond the range of any insurgent, according to Maj. Bob Blackington.
Tests for a prototype are scheduled for June at Ft. Stockton, Texas.
Reaching such heights with an airship is only thinkable because of new, rugged lightweight materials that can withstand the pressures of the upper atmosphere. Take the Vectran composite fiber, for example. Used in ship's sails, it's about as tough as Kevlar—the stuff bulletproof vests are made of.
But Vectran is hundreds of times more flexible, helping an airship cope with the rigors of shifting pressures of the skies.
Most high-altitude airship plans count on the sun's rays for power.
The drastic improvements in solar cell weight and efficiency in recent years help make those plans more feasible.
Traditionally, solar cells have been backed with steel. New, silicon-backed models have improved watts per kilogram by threefold or fourfold. And researchers in the field think improvements of another 300 percent aren't out of the question.
All these upgrades—and more—Lockheed hopes to put on display in 2006, when it test-flies a prototype of the gargantuan High Altitude Airship. Twenty-five times the size of the Goodyear blimp, and funded with $40 million from the Missile Defense Agency, the craft is the highest-profile effort of the Pentagon's lighter-than-air projects.
The idea is for the HAA to eventually spot a missile attack from 350 miles away.
But, in a sense, the Akron airdock-built HAA is more a proof that some of the stickier problems in lighter-than-air travel can be unglued.
"The anticipation is out there that if it works well enough, a lot of companies are going to say, 'This is great. I'll order 20,'" Hochstetler said.
The helium gas inside a blimp can expand by more than fifteen times as it moves up through the skies.
How do designers plan for that?
First, the airship's massive size can account for all that extra girth, said HAA's technical director, Stavros Androulakakis.
Second, they keep the HAA's balloon filled mostly with air when the craft is close to the ground. As it rises, air is forced out. Helium from five small inner balloons takes its place.
Japan's National Aerospace Laboratory is taking a similar approach with its own dirigible project. Last summer, the lab sent a 150-foot airship into the stratosphere—one of the first times a lighter-than-air craft has reached such heights.
The launch was the latest in a series of government tests designed to culminate in a solar-powered blimp that will serve as an observation and telecom platform at 70,000 feet. The airship is expected to be ready for liftoff in 2006—around the same time as the HAA—according to George Spyrou, a consulting engineer on the project.
In England, a public-private consortium—including British Telecom—is funding a nearly $7 million research and development effort to bring broadband Internet access to travelers and rural homes by airship or by solar-powered, ultralight planes.
"There are lots of places that would like to be able to pass large amounts of data back and forth, but they don't always have the network to tap into," said Gregory Gottlieb, the managing director of the British aerospace consultancy Charles Ross Associates.
"Airships are a way to deliver a sophisticated broadband network at a manageable price."
Gottlieb cautions that such projects are still in their infancy.
But even if just a few of these experiments work as planned, the old airdock at Akron could become quite a busy place.
Copyright © 2004, Chicago Tribune
NEW GTEL LOCATION AND CONTACT NUMBERS
Globetel Communications Corp
9050 Pines Blvd., Suite 110
Pembroke Pines, FL 33024
954-241-0590
954-272-0380 (fax)
massive volume of 313K shares and down 6%..:)
unbelievable...
Gan,
I agree, but I also feel as long as we are on the OTC Huff will use every extension he can. Always has. Secondly, sometimes you think you have everything ready when the auditors finally start the paperwork only to find out you don't have everything. Just like a tax auditor which I personally have had nightmares with and I feel I am very organized. Just some thoughts, not excuses. But you are so very right, things will need to change if GTEL wants to hunt with the big dogs...that is a fact...rock
Thanks Bill,
they also seem to pop up right away at this site..
http://www.pinksheets.com/quote/filings.jsp?symbol=GTEL
EDGAR HOURS OF OPERATION,
http://int.merrilldirect.com/edgar/timezones.htm
Hello gang,
I see the filing is not in yet. Nothing new folks. Anyone that has been here a few years would not have expected any different. Hopefully it will still come in tonight. What can happen when things get down to the wire like this is the auditors want something verified or receipts or some damn thing and won't sign off until they are satisfied. No excuses, just stating some things that can happen. This stuff always gets my goat a little but I have been here a while and it doesn't drive me nuts like it use to.
Last year we ran later than extension and got the "E" for a short time...relax, worrying won't change a thing...rock
OTC BULLETIN BOARD (OTCBB) SYSTEM CHANGES
SYMBOL CHANGES
DL DATE DATE OLD SYMBOL NEW SYMBOL/NAME
04/23/2003 04/24/2003 GTELE** GTEL GlobeTel Communications Corporation
aero,
I have read a few studies done in relation to listing on the AMEX, by far the easiest of the three. By easiest I mean assets and other parameters can get you in verses the stick to it guidelines of Naz and others. At one time Huff mentioned the AMEX and in the last update he did not. Have a good day...rock
bltra-skram,
pretty much how I see it too bltra. Not to many other scenarios make sense at this time. I will be gone until early afternoon. Hold the fort down!..lol Take care and thanks..rock
bltra,
I would agree with the points you made. The question I have is how do we get a $4.00 minimum price by this fall or year end? It's had me scratching my head for some time now. I see no way with the projections made that we would even come close to that price. Some have said the possibility of $1.00-$1.50, that still don't cut the requirements needed. We all know "the way" it could get to $4 but I am trying to come up with others..Merger?...rock
OT: supervalue,
For the record, your first post here was January 10th, GTEL was not at 4 cents. You happened to throw a spam in for GLBT on your very first post.
Your past and present posts on GTEL are all welcome and appreciated. Posts on stocks unrelated to GTEL are not welcome and violates the TOS of this board. I don't know how I can be more clear than that...rock
OT: supervalue
Let it be known this is NOT the GLBT board. It doesn't take much research to see you are invested in GLBT. They have their own board and that is the place for discussion.
I only answered your GLBT question because I feel it is not like GTEL as you stated. I should have used OT in that reply to you. If everyone discusses other stocks they are in on this board, we no longer have an on topic board. Please take the discussion to the the GLBT board...thank you..rock
supervalue,
The last available filing was 9-30-03(3rd qtr) it shows about 81MM in revenues for 9 months ending in September with a net loss of 4MM. The real kicker is posted below and is the cause of it's drop from 24 cents to under 4 cents...
"On December 31, 2003, holders of a majority of the voting capital stock of our company, GlobalNet Corporation, acted by written consent in lieu of a special meeting of shareholders to adopt amendments to our articles of incorporation to increase the number of shares of common stock which we are authorized to issue from one billion shares to 20 billion shares. "
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001013762%252D04...
bltra,
posted that early this morning(#342), thanks for the repost though...rock
It was obvious from the very start this morning the MM's were taking the bid to .10 or lower. Pulling bid/ask left and right. With meager volume that has been their calling card of late..rock
Service directory for MagicPhone,
http://magicphone.globetel.net/services.htm
Monthly filing for ATC,
During the reporting period, month of March, it says ATC received the 16.5MM shares from GTEL. Earlier filings indicated an ATC shareholder meeting was needed to approve the "modified agreement". I don't quite understand.
To date ATC has used A$546k,(USD415k), of GTEL's loan fascilities.
http://www.asx.com.au/asx/statistics/AnnHeadersForIssuer.jsp?ASXCode=atc&radiobutton=radiobutton...
Gan,
Well Gan, we have discussed many aspects of the Company here and at RB at length for some time. No doubt many are waiting for year end report as well as other announcements. As far as talking about the stock price, well, nothing will change much on that end until we get some volume back along with the buying pressure. The company will have to provide the catalyst for that to happen. Otherwise, the same ol' will take place as it has the past month. The MM's will play this game until demand dictates otherwise, it's that simple.
Huff stated, "the time is now". The shareholders await the first card of the poker hand to be laid down...rock
supervalue,
the following clip is from a "letter to shareholders"
this is about all we have to go on, maybe the 10KSB and 1st qtr '04 will shed some more light on year end number possibilities...rock
"Revenues and profits will begin to be driven the second half of this year with the launch of these products. The make up of our revenues will transition from lower margin international termination services to higher margin value added services in the third and fourth quarters of this year. Our goal is to be at an annualized run rate of $60 million by the end of the fourth quarter of this year and be providing services on 4 continents. We plan to continue our goal to move off the OTCBB by engaging market support professionals around the world. To make it easier for foreign investors to purchase our stock we will list our company on appropriate and advantageous foreign exchanges."
skram,
this link shows Easter Monday today? ..
http://www.holidayfestival.com/Germany.html
Morning skram,
I did a quick search but showed no Holiday....rock
For the record,(aero, if you thought I said something other than the following, let me know)
What I have said is I would hope the 4th qtr shows "other revenues" besides Mexico and Brazil. I would be disappointed if no Magic Money dollars show up.
For the 1st qtr, I see a traffic revenue base(Brazil, Mexico,UK) of 5.6MM. Add in China rev's, Magic dollars and magicphones and I would not be shocked to see 10MM. I also believe rev's of more than 60MM in '04. That is where I stand until 1st qtr is filed and recorded.
aero, I will settle for 4MM the 4th qtr. That would mean in addition to the 2.8MM(brazil-mexico) another 1.2MM showed up from another source, that would be a first!...rock
bltra and herd,
I think we all agree that the gap between end of 4th and 1st qtr '05 is a big one. The e-mail I posted from Huff would have me leaning towards bigger numbers in '04, qtrs 1 and 2 will zero us in a little better...rock
queitman,
I honestly don't know if Swanson still works for them or not. Haven't seen his name in any directories...let us know if you e-mail and what you find out...
No hints on this end about who they will get to PR/IR. Hardworking and reputable would be a couple good parameters..:)...rock
quietman,
on may way out the door so I will respond in the morning. Take care and thanks...rock
herd,
Well, not really not sure. The way I look at it the UK traffic was PR'd on January 20th. Now I look at the quote,
"IP based traffic is growing every month. Traffic to the United Kingdom is expected to surpass revenue traffic going to Latin America by the end of March."
Maybe it is just me but I take it in context with a quarter.
Using your 4.8MM as a base for traffic you still would need to add China, Magic Money, magicphones. I think your underestimating those additions when you say 5+MM, jmo.
Either way we are not far off from each other with a base figure..4.8MM-5.6MM..good starting point. The 4th qtr will indicate to me the Magic Money part, maybe we can re-evaluate once we see that filed.
Run rate: You are exactly right saying a 15MM 4th qtr '04 gives us a run rate of 60 MM which Huff has layed out. When asked by Mailman in an e-mail to Huff I took the run rate with a different twist. The reason I bring this up is the fact that by the END of first qtr '05, we jump to 250MM run rate, that would take a 60MM first quarter. Way to big of a leap without building more than 60MM this year. Here is the copy/paste of e-mail, let me know what you think. Thanks Herd, good discussion. Will check back in the morning...rock
Msg. 142521 of 189500
(This msg. is a reply to 142493 by Rocky.)
Jump to msg. #
Rocky,strikeitrich,BDay43,wizebize1 this will explain the run rate:
From: timothy@XXXXXXXXXX (Timothy Huff)
Date: Wed, Dec 10, 2003, 6:59pm To: XXXXXXXXXXXXXXXXXXXX
Subject: RE: please explain this re:run rate
That means that the company will be at a month revenue rate of $5 million a month. The revenue will ramp dependant of many factors during the year of 2004. Depending on certain factors the run rate could be as high as $10 monthly which would place us at $120million a year.
Tim
-----Original Message-----
From: XXXXXXXXXXXXXXXXXXXX
Sent: Wednesday, December 10, 2003 6:17 PM
To: timothy@XXXXXXXXXXXX
Subject: please explain this re:run rate
Tim can you please explain this from your letter: a run rate of $60 million by fall 2004
Thanks
skram,
no doubt about it. lol Just the filing of the form 4's was expensive. It is part of growing skram, as long as the revenue/profits move at a nice clip with increased costs they are not noticed as much...thanks...rock
aero,
There have been several things said over time that never came to be, not sure they promised but regardless, they did not get done. I think in part aero it is growing pains and jumping the gun, I see it alot with small companies. I am not making excuses, I hope in the future they do what they say.
I honestly do not know what the 4th qtr will bring. I can only hope it's satisfactory in the sense it is not lower than previous qtrs(excluding writeoffs). I do think different than you about future numbers. It has already been stated that the UK traffic was producing as much as Mexico and Brazil.(that would be in only 90 days or so). If that is the case aero, then the 2.8MM we normally see from Mexico-Brazil would double, at a minimum. So now the first qtr is at 5.6MM. That would not include any CHINA traffic at all, that would not include Magic Money dollars, that would not include monies from magic phone sales that we know has happened. So I am thinking the 1st qtr could be very respectable. I would not be shocked at all to see 10MM or more. 2nd qtr will kick in even better. I do not think the above is a pipe dream based on what we already know...rock
herd,
Rev's per quarter this year have averaged about $2.8MM. Like always 99% of that is from Brazil and Mexico networks. I will state flat out that I will be VERY disappointed if I do not see Magic Money revenues of some kind for 4th quarter. It seems impossible to me that some kind of revenues would not appear as it was stated last OCT they kicked it off in certain areas. Huff also said they would know by year end if it was a producer. Well, it must be, they're planking another 10MM into it. This tells me they have already made some cash on the program...we don't have long to wait to get an answer on that..lol
I agree, they know what the 1st quarter did and any strong guidance would be a major plus...rock
back in a couple hours
Gan,
No problem at all, Sanswire deal if completed is part of GTEL so any discussion about it is just fine. I have no doubt that the Strattelite possibilities are endless if everything went according to the perfect plan. Like I said I feel like I know what they would like to do if the "perfect plan" works. The HOW is what is blank at this point. We know they will issue 28MM shares(21MM restricted one year). At todays pps that is about 2.8MM for the assets and intellectual property of which nobody is quite sure what that includes. I am thankful no debt/liabilities rides with the purchase. So at this point I don't feel like I have enough info yet to speak intelligently on the subject, hopefully more info will come soon.
I have mentioned to many shareholders that I feel GTEL has their fingers in many pies. What I want to see is the pieces of the pie come together(finished)so we and new shareholders can look at what GTEL has and who they are associated with and understand. The four data plants being built with the 10MM funding will bring that area of the business to a close, then it will be time to produce. Yes, the lack of info on ATC does bother me. While up to date details are available on ASX site, a mention from Huff would be expected as we are funneling operating dollars to ATC. Many items on the platter, time to complete or update, no doubt.....rock
Gan,
I haven't posted anything on the Sanswire topic because I feel some pieces to that puzzle have yet to be shared with us. It's obvious what Huff wants to do with a successful stratellite but how do we get there? Most likely when announcement comes on deal completion we will hear more, at least I hope we do...rock
aero,
You stated your concern of "not executing the business plan", could you be more specific on that? The float concerns management as well aero. Strong revenues with high margins can and will swallow a pretty large float, both need to be "INKED" before thinking that way though. Management has stated they were not sure how it will play out either. I would guess by end of 3rd qtr that determination will be made...rock